Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
U.K. Insurers Should Cap Replacement-Car Costs, Watchdog Says
Jun 12 2014 // U.K. insurers should have a cap placed on the cost of replacement cars for drivers at fault for accidents to help reduce insurance premiums, the country’s Competition and Markets Authority said in a draft opinion...
In Search of the Best Defense Against Corporate Cyber Crime
Jun 11 2014 // With hackers stealing tens of millions of customer details in recent months, firms across the globe are ratcheting up IT security and nervously wondering which of them is next. The reality, cyber security experts say, is...
JPMorgan Appoints Davison Head of U.K. Financial Institutions
May 13 2014 // JPMorgan Chase & Co., the world’s biggest securities firm by revenue, named Piers Davison head of U.K. investment banking for the financial institutions group amid a shake-up of its advisory team for banks and...
EU Exit Could ‘Wreck’ London as Financial Capital, Says City Lobby Group
Apr 29 2014 // If the UK exits the European Union, it could wreck London’s position as the only financial center to rival New York and isolate the country’s economy, research ordered by a lobby group for banks and money...
RSA U.K. Chief Brown to Leave in First Resignation under Hester
Apr 16 2014 // RSA Insurance Group Plc said the head of its U.K. and Western Europe business will leave the company, marking the first resignation of a senior manager since Stephen Hester was hired to revamp the British insurer. Adrian...
U.K. Financial Markets Watchdog Under Fire for Insurance Leak
Apr 3 2014 // The U.K.’s top financial conduct watchdog’s first birthday today was marred by complaints from the government and lawmakers about its handling of a leak that sent shares in insurance companies tumbling last...
New York Regains Title As World’s Top Financial Center
Mar 17 2014 // New York replaced London as the world’s leading financial center for the first time, after the U.K. capital was rocked by a series of scandals and questions over the U.K.’s place in the European Union. New York...
Direct Line Says Cost of U.K. Floods Could Reach $183.6 Million
Feb 26 2014 // Direct Line Insurance Group Plc, seen as one of the insurers most vulnerable to losses from the recent U.K. storms, said weather claims may cost as much £110 million ($183.6 million) as full-year profit jumped. Pretax...
Aviva, RSA, Direct Line Face Heaviest Losses from UK Floods
Feb 24 2014 // Aviva Plc, RSA Insurance Group Plc, and Direct Line Group Plc are poised to bear the brunt of losses from flooding in Britain that is estimated to cost the industry as much as £1 billion ($1.667 billion). Aviva, the...
EU’s Justice Chief Reding Warns UK Exit Would Isolate City of London
Feb 19 2014 // London’s financial services center would lose access to the wider European Union should Britain quit the bloc, the EU’s justice chief said on Monday, warning that such a move would reduce its status to that of...
Flooded U.K. Homeowners Face Declining Values: No Mortgages or Insurance
Feb 19 2014 // Homeowners in some of Britain’s wealthiest districts face a drop in property values and the prospect their homes may be uninsurable as record floods blight towns along the River Thames. About 5,800 homes have been...
England Floods, U.S. Freezes so Blame Indonesia: Bloomberg’s Marc Champion
Feb 17 2014 // The U.S. is freezing and the U.K. is flooded. Clearly, Indonesia is at fault. That, in any case, is my layman’s interpretation of a report this week from the U.K.’s meteorological agency, the Met Office. It...
U.K. Towns Face More Floods as Insurer Losses Estimated at $1.6 Billion
Feb 11 2014 // Waterlogged towns on the River Thames west of London braced for more floods as rains persisted across southern England and Deloitte LLP said the storms may cost insurers £1 billion ($1.6 billion) by April. The Environment...
Severe Weather Cuts Rail Links to Southwest England
Feb 10 2014 // Severe flooding and landslips cut off rail links to large parts of southwest England for more than 24 hours at the weekend as the government came under pressure for its handling of storms battering Britain. Some areas have...
Western U.K. Homes Remain Powerless after Storms Batter Coast
Feb 6 2014 // Hundreds of homes in western England and Wales remained without power today after storms cut lines and damaged railway tracks. About 280 households had electricity cuts as of 8:30 a.m. U.K. time, said Western Power...
RSA Hires Ex-RBS Boss Hester as CEO after Irish Losses
Feb 5 2014 // RSA Insurance Group Plc has hired former Royal Bank of Scotland Group Plc CEO Stephen Hester to lead the U.K. insurer as it seeks to put a scandal at its Irish unit behind it. Hester, 53, succeeds Simon Lee, who quit the...
Car Use No Longer Growing in Developed World, But Why?
Jan 20 2014 // Car use appears to have leveled off and even started falling in many of the world’s advanced economies long before the global downturn in 2008, according to transport experts. The slowdown brings to an end several...
China, India, Brazil Join U.S. As Among Biggest Contributors to Global Warming
Jan 17 2014 // China, India and Brazil — three of the largest developing nations— joined the U.S. in a list of the biggest historical contributors to global warming, according to a study by researchers in Canada. Seven nations...
U.K. Christmas Exodus Hampered as Storms Lash Railways, Airports
Dec 24 2013 // Storms that lashed southern England yesterday have closed dozens of railway lines, halted ferry sailings and left airports struggling to restore services as millions of Britons attempt to travel before Christmas. Ten U.K....
U.K. Insurers to Invest $41 Billion in Infrastructure
Dec 4 2013 // The U.K.’s largest insurance companies will invest £25 billion ($41 billion) in infrastructure, as the government prepares to update its plan for projects from energy and transport to communications. The government...
